Insider Selling: Travelzoo (NASDAQ:TZOO) Major Shareholder Sells 32,500 Shares of Stock

Travelzoo (NASDAQ:TZOO) major shareholder Azzurro Capital Inc sold 32,500 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $14.33, for a total value of $465,725.00. Following the sale, the insider now directly owns 4,322,696 shares in the company, valued at $61,944,233.68. The trade was a 0.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Azzurro Capital Inc also recently made the following trade(s):

• On Friday, March 7th, Azzurro Capital Inc sold 40,000 shares of Travelzoo stock. The stock was sold at an average price of $15.26, for a total value of $610,400.00.

Travelzoo Stock Performance

NASDAQ TZOO traded down $0.12 on Wednesday, reaching $14.31. The company had a trading volume of 63,563 shares, compared to its average volume of 121,543. The company’s fifty day moving average is $18.05 and its 200-day moving average is $17.36. The firm has a market capitalization of $160.92 million, a price-to-earnings ratio of 13.37 and a beta of 1.69. Travelzoo has a 1-year low of $7.12 and a 1-year high of $24.85.

Travelzoo (NASDAQ:TZOO) last posted its quarterly earnings data on Wednesday, February 26th. The information services provider reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. The company had revenue of $20.68 million during the quarter, compared to analysts’ expectations of $22.06 million. During the same period in the prior year, the firm earned $0.23 earnings per share. On average, research analysts forecast that Travelzoo will post 1.09 earnings per share for the current year.

Hedge Funds Weigh In On Travelzoo

Several hedge funds have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Travelzoo in the third quarter worth $35,000. Quadrature Capital Ltd acquired a new position in shares of Travelzoo during the 3rd quarter worth about $134,000. Jane Street Group LLC bought a new position in shares of Travelzoo in the 3rd quarter valued at about $298,000. XTX Topco Ltd increased its position in shares of Travelzoo by 103.5% in the third quarter. XTX Topco Ltd now owns 25,274 shares of the information services provider’s stock valued at $305,000 after acquiring an additional 12,854 shares during the last quarter. Finally, Barclays PLC bought a new stake in Travelzoo during the third quarter worth about $138,000. 27.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research decreased their price objective on Travelzoo from $25.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th.

About Travelzoo

Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters.